Shares of Green Mountain Coffee Roasters Inc. (GMCR) and Knight Capital Group Inc. (KCG) were up almost 20% in premarket action Wednesday, as investors cheered Green Mountain’s surprisingly good results and reacted to a takeover offer for Knight Capital.
Green Mountain’s been trading hotsince its results came out last night, while Knight Capital shares popped this morning after news broke that Getco Holding Co. had an offer for the firm that values each share at $3.50, 41% above Friday’s closing price.
Elsewhere, retailers were seeing action, as shares of Express Inc. (EXPR) rose 12% after it reported better-than-expected results, while Costco Wholesale Corp. (COST), up 4%, led the Standard & Poor’s 500 index after it beat November sales forecasts and announced a special dividend.
Update: As Bloomberg reports, Getco’s offer for Knight Capital may spark a bidding war for the firm with Virtu Financial.
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